Toronto-Dominion Bank (TD) Receives C$73.31 Average Target Price from Brokerages

Shares of Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have been assigned an average rating of “Buy” from the thirteen brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$73.31.

TD has been the topic of a number of research reports. TD Securities increased their target price on shares of Toronto-Dominion Bank from C$75.00 to C$77.00 and gave the stock a “buy” rating in a report on Friday, September 1st. Royal Bank Of Canada increased their target price on shares of Toronto-Dominion Bank from C$70.00 to C$72.00 and gave the stock a “sector perform” rating in a report on Friday, September 1st. CIBC increased their target price on shares of Toronto-Dominion Bank from C$71.00 to C$73.00 in a report on Friday, September 1st. Scotiabank increased their target price on shares of Toronto-Dominion Bank from C$73.00 to C$76.00 and gave the stock an “outperform” rating in a report on Friday, September 1st. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Toronto-Dominion Bank from C$68.00 to C$70.00 in a research report on Friday, September 1st.

Toronto-Dominion Bank (TD) traded down C$0.18 during trading on Friday, reaching C$73.29. 1,850,000 shares of the company’s stock were exchanged, compared to its average volume of 2,810,000. Toronto-Dominion Bank has a 12 month low of C$60.02 and a 12 month high of C$73.69.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 6th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.27%. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.51. The ex-dividend date was Thursday, October 5th.

In related news, insider Theresa Lynn Currie sold 2,128 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of C$66.86, for a total value of C$142,278.08.

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Toronto-Dominion Bank Company Profile

Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.

Analyst Recommendations for Toronto-Dominion Bank (TSE:TD)

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